Bitcoin — Page 14

Coinglass data showed BTC on track for a second straight red quarter as major altcoins fell harder on the week.

The analysis ties mid-June cuts to weak volumes, funding, and retail activity about eight months after bitcoin topped.

Bitcoin breaking below $60,000 and a Coinbase Q1 earnings miss are reinforcing risk-off pressure in crypto-linked stocks.

He anchored the slump to BTC’s slide from an ATH above $126,000 to around $60,000 and flagged U.S. policy timing as a sentiment catalyst.

STRC’s 11.5% dividend preferred traded about 25% below its $100 design level as bitcoin slipped under $59,000.

Net assets across the ETF complex have fallen to about $72.6B, down roughly 57% from the October 2025 peak.

With roughly 844,000 BTC bought near $75.6K and bitcoin near $60K, mark-to-market swings can dominate quarterly optics.

A four-hour rounded-top and daily bear-flag breakdown align with Glassnode’s 1.0 MVRV band near $53,390.

The risk-off open put $60,000 back in play as a weakening pivot with June’s monthly close now the next checkpoint.

Investors are treating the Texas campus as scarce power-and-grid infrastructure, not a proxy for Bitcoin or ETF flows.

Eighteen of 20 constituents were higher, with BCH up 5.8% while HBAR and XLM were the only decliners.

The acquisition is targeted to close around October and is contingent on regulatory clearance.

Revenue slid to about $30M/day and a 10% difficulty drop in mid-June coincided with heavy public-miner BTC sales.

Rising funding and short interest are being cited as a volatility accelerant even as charts map a relief bounce toward $70,000.

The cohort covers roughly $25B in combined assets as NCUA advances a licensing regime for stablecoin issuers via CU subsidiaries.

A monthly close below the ~$63.9K 50-month EMA is being treated as breakdown confirmation with August downside risk.

Analysts also map early September as a potential bottom window, with $58.9K and $49K–$58.9K flagged as downside liquidity.

The comments land after May BTC-linked perp approvals and as CME sues the agency under the Commodity Exchange Act.

On-chain cost-basis data clusters whale exposure between roughly $49K and $54.3K if long-term support breaks.

The protocol says it migrated off legacy vaults, verified node keyshares, and set a ZEC-to-XMR-to-TAO integration timeline.